Kalshi has introduced additional political betting markets as the US presidential election on November 5 approaches. The new contracts cover various events, including an Ohio referendum and the last state to be declared by the Associated Press. Since October 31, more than two dozen contracts related to the elections have been registered. Kalshi’s flagship market on who will win the Presidential election has amassed approximately $144 million in betting volume. As of November 1, Kalshi indicated a 56% chance for Donald Trump to win over Kamala Harris, whose odds are at 44%. Meanwhile, rival platform Polymarket shows nearly $2.9 billion in bets on the election outcome, with Trump's odds slightly higher at around 61%. Kalshi has made efforts to attract crypto users by integrating USD Coin for betting. However, some US regulators express concerns that such prediction markets could compromise election integrity, despite analysts suggesting they effectively reflect public sentiment.

Source 🔗